18654 Rorimer St South San Jose Hills, , townhouse

***This brand-new home in La Puente is part of a Middle-Income affordability program under the Los Angeles County Density Bonus Homeownership Program (DBHOP). The sales price on the listing is the approximate net affordable sales price, the home will be sold at the full appraised value (approximately $588,000) and the LA County DBHOP will provide a silent second of approximately $170,000. All payments on the second trust deed are deferred until (1) the home is sold or (2) ownership is transferred to another party or (3) the property is no longer occupied by the owner as their primary residence or a refinance event. The County will share in a percentage of the equity accumulated on the property, depending upon the circumstances that exist at the time of the sale and federal requirements. Annual gross income for the buyers and all household members 18 years of age or older cannot exceed the following income limits: 1 person - $110,000; 2 person - $125,700;3 person - $141,400;4 person - $157,100. Total housing expense under this program is approximately $3,867 per month (including mortgage payment, HOA dues, property taxes, and $221 for estimated utility costs). Under this program the terms are subject to change based on the appraised value. Availability is subject to meeting the pr